Berger Makes Changes to Attract IRA Assets

The Berger Funds of Denver has made several changes in an effort to increase IRA account assets. The company announced last week that it has eliminated the maintenance fees for all its IRA accounts, lowered the minimum initial investment required to open an account, and established education IRAs.

The minimum initial investment to open an account was lowered from $2000 to $500, according to Brittany Hock, a spokesperson for Berger. The education IRAs will allow consumers to invest up to $500 per year, tax-free, to be used for educational purposes, according to Hock.